Katrina relief guitars up on EBay [Archive] - Anderson Guitar Forum

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GaryMcT

01-15-2006, 03:06 AM

Check the guitar of the week:

http://www.andersonguitars.com/weekly.html

OSCAR ZOROASTER

01-15-2006, 10:44 AM

Is a winning bid for these guitars tax deductable?

killerburst

01-15-2006, 12:24 PM

Is a winning bid for these guitars tax deductable?

I think only the mount (if any) paid above market value. I.E. If the winning bid is $4,000 and you can demonstrate that market value is $2,500, you can deduct the $1,500 difference as a charitable donation. That's my understanding, but I'm not a tax expert, so don't take my word for it.